Understand the most important lending and mortgage terms. Mortgages can be confusing for the first time home buyer, so let us help explain. Below you'll find explanations for most of the mortgage industry terms.

What is VA Loan? A home loan available to veterans with little or no down payment and guaranteed by the U.S. Veterans'…
Written by Henry Gilbert
What is Variable rate? An interest rate that changes periodically in relation to an…
Written by Henry Gilbert
What is Variable rate mortgage? See Adjustable-rate…
Written by Henry Gilbert
What is Verification of deposit (VOD)? A document signed by the borrower's bank or other financial institution that verifies the borrower's account balance and…
Written by Henry Gilbert
What is Verification of employment (VOE)? A document signed by the borrower's employer that verifies the borrower's position and…
Written by Henry Gilbert
What is VOD? See Verification of…
Written by Henry Gilbert
What is VOE? See Verification of…
Written by Henry Gilbert


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